SalMar ASA

Delisting Announcement • Apr 28, 2022

NTS ASA – The Offer Period Under the Voluntary Tender Offer by SalMar ASA Expires 29 April 2022

NTS ASA – The Offer Period Under the Voluntary Tender Offer by SalMar ASA Expires 29 April 2022

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, INTO OR WITHIN CANADA, AUSTRALIA, NEW ZEALAND, SOUTH AFRICA, HONG KONG, JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL

Frøya, 28 April 2022

Reference is made to the offer document dated 17 March 2022 (the “Offer Document”) for the voluntary tender offer from SalMar ASA ("SalMar" or the "Offeror") for all outstanding shares in NTS ASA (the “Company”) (the "Offer"). The Offer was recommended by the board of directors of the Company on 25 March 2022. The acceptance period in the Offer, as extended on 29 March 2022, expires 29 April at 16:30 hours (CEST).

Shareholders that want to accept the Offer, and have not already done so, must fill out and return the acceptance form included in the Offer Document, by 16:30 hours (CEST) 29 April 2022. There will be no further extensions of the offer period.

The complete terms and conditions for the Offer, including a description of the procedures for accepting the Offer, is set out in the Offer Document with the addition of the stock exchange notice of 29 March 2022 extending the offer period for the Offer to 29 April 2022 at 16:30 hours (CEST). The Offer can only be accepted based on the Offer Document. Shareholders in the Company that have already accepted the Offer to not need to take any further action to confirm their acceptances or otherwise.

Arctic Securities AS is acting as receiving agent for the Offer. Subject to regulatory restrictions in certain jurisdictions, the Offer Document is available at the following webpage: www.arctic.com/offerings and may be obtained free of charge during ordinary business hours at the offices of the receiving agent, Arctic Securities AS, Haakon VIIs gate 5, 0161 Oslo, Norway.

Arctic Securities AS acts as financial advisor and Advokatfirmaet BAHR AS acts as legal advisor to SalMar ASA in connection with the Offer.

Contacts:

• Gustav Witzøe, CEO, Tel: +47 911 47 834 E-mail: gustav.witzoe@salmar.no

• Gunnar Nielsen, CFO, Tel: +47 960 97 005 E-mail: gunnar.nielsen@salmar.no

• Håkon Husby, Head of Investor Relations, Tel: +47 936 30 449 E-mail: hakon.husby@salmar.no

About SalMar

SalMar is one of the world's largest and most efficient producers of salmon. The Group has farming operations in Central Norway, Northern Norway and Iceland, as well as substantial harvesting and secondary processing operations in Norway, at InnovaMar in Frøya, InnovaNor in Senja and Vikenco in Aukra. In addition, the company is operating within offshore aquaculture through the company SalMar Aker Ocean. SalMar also owns 50% of the shares in Scottish Sea Farms Ltd.

See www.salmar.no (http://www.salmar.no) for more information about SalMar.

Important information

This release is not for publication or distribution, in whole or in part directly or indirectly, in or into Australia, Canada, Japan or the United States (including its territories and possessions, any state of the United States and the District of Columbia). This release is an announcement issued pursuant to legal information obligations, and is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. It is issued for information purposes only, and does not constitute or form part of any offer to sell or purchase, or solicitation to purchase or subscribe for any securities, in the United States or in any other jurisdiction. The securities mentioned herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "US Securities Act"). The securities may not be offered or sold in the United States except pursuant to an exemption from the registration requirements of the US Securities Act. The Offeror does not intend to register any portion of the offering of the securities in the United States or to conduct a public offering of the securities in the United States. Copies of this announcement are not being made and may not be distributed or sent into Australia, Canada, Japan or the United States.

The Offer is subject to specific legal or regulatory restrictions in certain jurisdictions. Neither the Offeror nor any of its advisers assume any responsibility in the event there is a violation by any person of such restrictions.

The distribution of this release may in certain jurisdictions be restricted by law. Persons into whose possession this release comes should inform themselves about and observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.

No adviser of the Offeror is acting for anyone else than the Offeror, and will not be responsible to anyone other than such party providing the protections afforded to their respective clients or for providing advice in relation to any other matter referred to in this release.

Forward-looking statements:

This release and any materials distributed in connection with this release may contain certain forward-looking statements. By their nature, forward-looking statements involve risk and uncertainty because they reflect current expectations and assumptions as to future events and circumstances that may not prove accurate. A number of material factors could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements.